Plan Administration Clause Example with 5 Variations from Business Contracts
This page contains Plan Administration clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Plan Administration. 3.1. The Plan Administrator shall administer the Plan. 3.2. The Plan Administrator may establish, amend, and rescind rules and regulations relating to the Plan, provide for conditions necessary or advisable to protect the interest of the Company or an Affiliate, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretation of the Plan. The Plan Administrator may conform any provision of the Plan to the... extent such provision is inconsistent with the Legal Deferral Requirements. 3.3.Determinations, interpretations, and other actions made or taken by the Plan Administrator shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications as it deems necessary or appropriate in connection with the Plan 3.5. Except to the extent prohibited by law, communication by the Plan Administrator (and by the Participant to the extent authorized by the Plan Administrator) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. The Plan Administrator may appoint such agents, who may be officers or employees of the Company or an Affiliate, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate.View More
Variations of a "Plan Administration" Clause from Business Contracts
Plan Administration. 3.1. The 2.1.The Plan Administrator shall administer the Plan. 3.2. The 2.2.The Plan Administrator may establish, amend, and rescind rules and regulations relating to the Plan, provide for conditions necessary or advisable to protect the interest of the Company or an Affiliate, MetLife Companies, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretation of the Plan. The Plan Administrator may confo...rm any provision of the Plan to the extent such provision is inconsistent with the Legal Deferral Requirements. 3.3.Determinations, 2.3.Determinations, interpretations, and other actions made or taken by the Plan Administrator shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. The 2.4.The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant Participants to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications as it deems necessary or appropriate in connection with the Plan 3.5. Except 2.5.Except to the extent prohibited by law, communication by the Plan Administrator (and by the an Eligible Associate or Participant to the extent authorized by the Plan Administrator) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. The 2.6.The Plan Administrator may appoint such agents, who may be officers or employees of the Company or an Affiliate, a MetLife Company, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate.View More
Plan Administration. 3.1. The Plan Administrator shall administer the Plan. 3.2. (b) The Plan Administrator may establish, amend, and rescind rules and regulations relating to the Plan. (c) Except for those powers specifically reserved to the Committee in Section 3(h), the Plan Administrator shall also have the sole and absolute discretion to construe and interpret the provisions of the Plan, determine eligibility to participate in the Plan and grant Awards, determine amounts due and owing under the Plan, provide fo...r conditions necessary or advisable to protect the interest of the Company or an Affiliate, and its Affiliates, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretation of the Plan. The Plan Administrator may conform any provision of the this Plan to the extent such provision is inconsistent with any provision of law that the Plan Administrator determines is applicable to the Deferred Compensation in the Plan including, but not limited to, Legal Deferral Requirements. 3.3.Determinations, interpretations, (d) Determinations, interpretations and other actions made or taken by the Plan Administrator and, with respect to actions set forth in Section 3(h), the Committee, shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. (e) The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant Participants to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications to any person as it deems necessary or appropriate in connection with the Plan 3.5. Plan. (f) Except to the extent prohibited by applicable law, communication by the Plan Administrator (and by the a Participant to the extent authorized by the Plan Administrator) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. (g) The Plan Administrator may appoint such agents, who may be officers or employees of the Company Brighthouse Financial, Inc. or an Affiliate, any of its Affiliates, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate. any of its Affiliates. -7- (h) Notwithstanding anything herein to the contrary, the Committee shall have the exclusive authority under the Plan to (i) designate Awards that are intended to constitute qualified performance-based compensation under Section 162(m) of the Code; (ii) establish the Performance Periods over which performance will be measured; (iii) determine the Performance Goal(s) and (iv) certify the achievement of the Performance Goals pursuant to Section 9(d) of the Plan in accordance with Section 162(m) of the Code. View More
Plan Administration. 3.1. The 2.1.The Plan Administrator shall administer the Plan. 3.2. The 2.2.The Plan Administrator may establish, amend, and rescind rules and regulations relating to the Plan, provide for conditions necessary or advisable to protect the interest of the Company or an Affiliate, Affiliates, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretation of the Plan. The Plan Administrator may conform any ...provision of the Plan to the extent such provision is inconsistent with the Legal Deferral Requirements. 3.3.Determinations, 2.3.Determinations, interpretations, and other actions made or taken by the Plan Administrator shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. The 2.4.The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant Participants to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications as it deems necessary or appropriate in connection with the Plan 3.5. Except 2.5.Except to the extent prohibited by law, communication by the Plan Administrator (and by the an Eligible Associate or Participant to the extent authorized by the Plan Administrator) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. The 2.6.The Plan Administrator may appoint such agents, who may be officers or employees of the Company or an Affiliate, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate.View More
Plan Administration. 3.1. The 3.1.The Plan Administrator shall administer the Plan. 3.2. The 3.2.The Plan Administrator may establish, amend, and rescind administrative rules and regulations relating to the Plan, provide for conditions necessary or advisable to protect the interest of the Company or an Affiliate, and its Affiliates, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretation of the Plan. The Plan Adminis...trator may conform any provision of the Plan to the extent such provision is inconsistent with the Legal Deferral Requirements. 3.3.Determinations, interpretations, and other actions made or taken by the Plan Administrator shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. The 3.4.The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant Participants to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications as it deems necessary or appropriate in connection with the Plan 3.5. Except 3.5.Except to the extent prohibited by law, communication by the Plan Administrator (and by the Participant to the extent authorized by the Plan Administrator) (or its delegate) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. The 3.6.The Plan Administrator may appoint such agents, who may be officers or employees of the Company or an Affiliate, Company, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate.View More
Plan Administration. 3.1. (a) The Plan Administrator is the named fiduciary of the Plan and shall administer the Plan. 3.2. (b) The Plan Administrator may establish, amend, and rescind administrative rules and regulations relating to the Plan, provide for conditions necessary or advisable to protect the interest of the Company or an Affiliate, and its affiliates, construe all communications related to the Plan, and make all other determinations it deems necessary or advisable for the administration and interpretatio...n of the Plan. The Plan Administrator may conform any provision of the this Plan to the extent such provision is inconsistent with the Legal Deferral Requirements. 3.3.Determinations, (c) Determinations, interpretations, and other actions made or taken by the Plan Administrator shall be final, binding, and conclusive for all purposes and upon all individuals. 3.4. (d) The Plan Administrator may prescribe forms or procedures as the sole and exclusive means for the Participant Participants to take actions authorized or allowed under the Plan. The Plan Administrator may issue communications to eligible employees and Participants as it deems necessary or appropriate in connection with the Plan 3.5. Plan. (e) Except to the extent prohibited by law, communication by the Plan Administrator (and by the Participant to the extent authorized by the Plan Administrator) (or its delegate) of any document or writing, including any document or writing that must be executed by a party, may be in an electronic form of communication. 3.6. (f) The Plan Administrator may appoint such agents, who may be officers or employees of the Company or an Affiliate, Company, as it deems necessary or appropriate to assist it in administering the Plan and may grant authority to such agents to execute documents and take action on its behalf. The Plan Administrator may consult such legal counsel, consultants, or other professionals as it deems desirable and may rely on any opinion received from any such professional or from its agent. All The Plan Administrator shall pay for all expenses incurred in the administration of the Plan shall be paid by one or more of the Company or an Affiliate. to Participants' accounts. View More
